NOVATEK PJSC (MIC:NVTK) Interest Expense : ₽-282 Mil (TTM As of Jun. 2023)

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What is NOVATEK PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NOVATEK PJSC's interest expense for the three months ended in Jun. 2023 was ₽ -282 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-282 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NOVATEK PJSC's Operating Income for the three months ended in Jun. 2023 was ₽ 76,148 Mil. NOVATEK PJSC's Interest Expense for the three months ended in Jun. 2023 was ₽ -282 Mil. NOVATEK PJSC's Interest Coverage for the quarter that ended in Jun. 2023 was 270.03. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOVATEK PJSC Interest Expense Historical Data

The historical data trend for NOVATEK PJSC's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NOVATEK PJSC Interest Expense Chart

NOVATEK PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Interest Expense

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-4,746.00

-4,491.00

-4,939.00

-4,578.00

-2,430.00

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1,207.00	-1,104.00	-1,102.00	-282.00	-

NOVATEK PJSC Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽-282 Mil.

NOVATEK PJSC (MIC:NVTK) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOVATEK PJSC's Interest Expense for the three months ended in Jun. 2023 was ₽-282 Mil. Its Operating Income for the three months ended in Jun. 2023 was ₽76,148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was ₽153,529 Mil.

NOVATEK PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	76148	/	-282
	=	270.03

The higher the ratio, the stronger the company's financial strength is.

NOVATEK PJSC (MIC:NVTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOVATEK PJSC (MIC:NVTK) » Definitions » Interest Expense

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Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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